One of the major things that has and is still affecting a lot of traders is their emotions, you probably won’t have any idea on what we mean by emotion if you have never lost money trading futures.
One certain time this year, while trading $WIF , we lost about 48% of our capital on that trade and the next moment, we angrily opened another position using 50x leverage and we made back the money we lost in a few minutes, but this thing we did here doesnt work everytime and it is not advisable.
We have a setup on $TRUMP and no matter what, we will wait for it, no rush, no emotion on missing the pump, just patience.
We will be taking a long position
on $TRUMP at $8.5 and our stop
Loss will be at $6.14
It will be a trade with a maximum of 5x - 8x leverage and our first take profit will be around $16.2 and full TP at $44.